Non-landed private home prices galloped in January, despite the stringent measures announced by the Government to cool the exuberance in the property market. Flash estimates released by the National University of Singapore Institute of Real Estate Studies showed that the overall Singapore Residential Price Index rose 2.6 per cent month-on-month. That is more than double the 1-per-cent increase in the...
singapore property prices
Non-landed private home prices in Singapore galloped higher in January despite the government's recent stringent measures to choke off property speculation. Flash estimates compiled by the National University of Singapore Institute of Real Estate Studies show the overall Singapore Residential Price Index rising by 2.6 percent month-on-month. This is more than double the one percent increase in the index...
Following completion in December, buyer interest has returned to the 231- unit The Trillium located along Kim Seng Road. The luxury condominium was fully sold by Lippo Group at private previews in early 2007, at prices averaging $1,700 psf. Prices of units at the project, which obtained its Temporary Occupation Permit (TOP) in December, are well supported above the $2,000 psf level. A 5,533 sq ft...
One Shenton will be the latest residential development at Marina Bay to achieve completion, with the temporary occupation permit (TOP) expected this month. “Owners of the lower floor units at One Shenton are expecting to collect their keys soon, while mid- to high-floor units will also be ready for handover in the near future,” says Kelvin Cheong, an associate director at Dennis Wee Realty Pte...
Prices for landed properties have skyrocketed by 63 per cent since the property market hit a low in the second quarter of 2009. In the 12 months of last year, the overall landed property index climbed 30.8 per cent, with prices for detached houses gaining a whopping 37.6 per cent, while prices for semi-detached and terrace houses grew 26 per cent. While most home searchers believe that landed property...
The gap between landed and non-landed property prices has narrowed in psf terms over the past two years, according to analysis by a real estate company. As of end March 2009, detached, semi-detached and terrace houses transacted at discounts of 38, 36 and 23 percent respectively, as compared to non-landed units in psf terms. While the gaps narrowed by end 2010, landed homes are still transacting at more...
The head of Singapore's second-largest developer said property prices in the Republic could drop by three to five per cent this year. City Development's billionaire chairman Kwek Leng Beng gave this assessment as his company announced a record pre-tax profit of more than S$1 billion for 2010. Housing unit prices in Singapore could experience a small drop this year because of the government's latest...
Homeowners who have kept their units at Queens since their launch in 2000 have seen prices appreciate over the years. Recently, some took the opportunity to cash out as prices climbed above $1,100 psf, booking gains of more than 50%. Last year, prices hit a high of $1,284 psf when a 914 sq ft unit on the 38th floor was sold for $1.175 million in November. This is close to the peak of $1,328 psf when a...
Interest in apartments at the 1,111-unit The Sail @ Marina Bay revived last month, with four units changing hands between Dec 21 and 28 at prices ranging from $1,899 to $2,990 psf. Eric Tay, an agent with PropNex who specialises in residential projects in the Marina Bay area, attributes the return of interest to the “spillover effect” from the strong take-up rate at the VIP preview of Robinson Suites...
The 99-year-leasehold Blue Horizon condominium by Far East Organization, located along West Coast Crescent, has seen resale prices heading north since the launch of The Vision right next door. Developed by Cheung Kong (Holdings), The Vision is fully sold and has set a new price benchmark in the West Coast neighbourhood, with transactions crossing the $1,000 psf threshold and penthouses hitting a high of...